by Athena Paquette | Mar 19, 2016 | Blog, Home Owners, Investors, Realtors
All eyes were on the Fed this week. The Fed decided not to raise the prime lending rate and the markets loved it, giving interest rates a break. The upward movement of last week was broken. We started the week with the Feb retail sales down .1% but then Jan. sales...
by Athena Paquette | Mar 12, 2016 | Blog, Home Owners, Investors, Realtors
This week’s update is from one of the economic analysts I follow, Larry Baer. He mostly deals with the gyrations of the bond market and its effect on mortgage rates. He dings me by text with updates starting at 5:30 am daily on days when bond market is trading. What...
by Athena Paquette | Feb 27, 2016 | Blog, Home Owners, Investors, Realtors
A week of slightly better than expected economic news and yet rates only moved up slightly. On Tuesday, January existing home sales were up stronger than expected (up .4%). Tuesday January New Home sales dropped like a rock by 9.2%, bringing rates back the little...
by Athena Paquette | Feb 19, 2016 | Blog, Home Owners, Investors, Realtors
It was a quiet week in economic news this week. Today, Friday, we got the news the that CPI was unchanged. It’s been a long time since I have seen that. The Core number, though, was up stronger than expected. Thursday the weekly jobless claims went 7000 to 275,000....
by Athena Paquette | Jan 30, 2016 | Blog, Home Owners, Investors, Realtors
Another rocky week in the markets gave us more downside to the stock market and see-saw action in the fixed rates. The biggest news was that the Federal Reserve decided to leave rates as is, or in other words not raise them again, given the world economy’s weakness....
